Akamai Technologies, Inc. (AKAM) was downgraded by Goldman Sachs (GS) analysts from a ‘Neutral’ rating to a ‘Sell’ rating in a research report issued to clients on Friday.
AKAM, currently with a median Street price target of $71 and a high target of $86, dropped $3.44 to $55.77 in recent trading.
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SunEdison, Inc. (SUNE) had its rating lowered from ‘Overweight’ to ‘Neutral’ by analysts at JP Morgan (JPM) today.
Shares have traded today between $2.55 and $2.90 with the price of the stock fluctuating between $2.55 – $33.45 over the last 52 weeks.
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DA Davidson reported on Friday that they have lowered their rating for Mentor Graphics Corp. (MENT). The firm has downgraded MENT from ‘Buy’ to ‘Neutral’ and lowered its price target to $24 from $32.
Shares of Mentor Graphics have lost 9 points to $18.79 in midday trading on Friday, giving it a market cap of roughly $2.20 billion. The stock traded as high as $28.09 in Nov. 11, 2015.
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Autodesk, Inc. (ADSK) was downgraded from ‘Outperform’ to ‘Sector Perform’ at RBC Capital Markets. The firm also lowered its price target on the name to $65 from $70 saying they believe the downside in ADKS is likely limited given better expense management and de-risked/lowered guidance, but for now they see shares as more likely to trade in line with the market.
ADSK was down $2.10 at $60.29 in midday trade.
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Analysts at UBS downgraded Nimble Storage, Inc. (NMBL) from ‘Buy’ to ‘Neutral’ in a research report issued to clients on Friday. The target price for NMBL is lowered from $33 to $14.
Nimble Storage Inc. recently traded at $10.09, a loss of $10.30 over Thursday’s closing price. The name has a current market capitalization of $785.75 million.
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